The basics of debt consolidation

by DeLadurantey Law Office, LLC on August 18, 2009

Many people have different sources of debt, including credit card debt and debt from other loans. When that debt builds up, one option is to turn to a debt consolidation plan.

Under debt consolidation, a person can acquire a loan that will pay off all that person’s debt and consolidate multiple bills into one payment. One risk of debt consolidation, however, is building back up the debt on a separate credit card.

Another option is to turn to a debt consolidation company that will negotiate with creditors and come up with a sensible and timely plan for debt repayment.

If you or anyone you know is having problems with debt, contact the Milwaukee debt negotiation lawyers of DeLadurantey Law Office, LLC, at 414-377-0518.

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